Friar Corp. is going public via an initial public offering of equity shares. Callaghan intends to raise $135 million via issuance if shares at $45.00 per share. Direct charges for the issue are 5.750% of the issue with indirect costs amounting to 0.500%. How many shares will be floated in the inital offering?

Friar Corp. is going public via an initial public offering of equity shares. Callaghan intends to raise $135 million via issuance of shares at $45.00 per share. Direct charges for the issue are 5.750% of the issue with indirect costs amounting to 0.500%. How many shares will be floated in the initial offering